F&N eyes milk farm in Gemas

Fraser & Neave products

PETALING JAYA: Fraser & Neave Holdings Bhd (F&N) is planning to buy an oil palm plantation and 2,726.48 hectares of land located in Gemas, Negri Sembilan, for RM215.59mil.

In a filing with Bursa Malaysia yesterday, the beverage company said the acquisition is for the company to embark on the upstream fresh milk business for downstream production and distribution of fresh milk.